Minneapolis Shopping Centers for Sale
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Shopping Centers For Sale in Minneapolis
Minneapolis, known for its history in lumber and flour milling, continues to thrive economically with a variety of properties suitable for businesses, including shopping centers. With over 4 listings, these retail centers highlight Minneapolis' strong infrastructure and location. The city's comprehensive transit system, such as Metro Transit, facilitates access to these commercial areas. The presence of educational institutions like the University of Minnesota contributes to a well-educated workforce. The city's geography, with many waterways and parks, creates an attractive setting for business. Shopping centers in Minneapolis are located in highly populated areas, ensuring a consistent flow of potential customers.
Shopping centers in Minneapolis are well-placed to take advantage of the city's economic strength, located near active neighborhoods and important amenities. The presence of large corporations and a busy metropolitan area make these retail spaces ripe for success. Nearby apartment buildings provide housing options that add to the urban environment, and their closeness to shopping centers encourages community interaction. Restaurants throughout the city offer dining options that attract both residents and visitors, adding to the appeal of shopping center locations. The availability of specialty properties and office space meets the diverse needs of different businesses, adding to Minneapolis' professional landscape. This range of property types, from residential to commercial and specialty, reflects the city's economic variety and the opportunities available for investors and business owners.
Learn About Shopping Centers For Sale in Minneapolis
How many shopping center listings are available for sale in Minneapolis?
What factors should I consider when searching for shopping centers for sale in Minneapolis?
When evaluating shopping centers for sale in Minneapolis, it is essential to consider market trends, property specifics, and economic stability to ensure a sound investment.
- Review the average price per square foot, which is currently $107, to gauge the market value against other listings.
- Consider the average capitalization rate, noted as 8.79%, to understand the potential return on investment in the current economic landscape.
How much does it cost to buy a shopping center in Minneapolis?
The cost of purchasing a shopping center in Minneapolis varies, reflecting current market values and property specifics.
- The average price per square foot for a shopping center is $107, assisting buyers in estimating overall costs.
- With an average size of 45,287 SF and a selection of 4 listings, options range from modest to expansive properties.
What is the largest shopping center available to buy in Minneapolis?
The largest shopping center on offer spans 51,049 SF, catering to a diverse set of retail needs.
Why is Minneapolis an ideal location for shopping centers for sale?
Minneapolis, with its substantial population and robust seasonal tourist activity, provides a steady customer base for shopping centers, further supported by an extensive public transit system that eases accessibility for both local and visiting shoppers.
Shopping Centers in Minneapolis - Size Summary
| Shopping Center Size | Square Feet |
|---|---|
| Maximum | 51,049 SF |
| Average | 45,287 SF |
| Minimum | 28,000 SF |
Shopping Centers in Minneapolis - Cap Rate Data
| Shopping Center Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 8.79% |
| Average | 8.79% |
| Minimum | 8.79% |
Shopping Centers in Minneapolis - Price
| Shopping Center Price | Price Per SF |
|---|---|
| Maximum | $107 Per SF |
| Average | $107 Per SF |
| Minimum | $107 Per SF |
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